Why Bitcoin's Gambling Boom is Only Just Getting Started
Gambling is big business, and online gambling represents a significant and growing proportion of that business - about 8% currently. Research company H2 Gambling Capital, which values the online gambling market in terms of gross winnings, put the global market value at €21.73bn ($28.54bn) in 2012. Furthermore, the firm expects a 9.13% compound annual growth rate through 2015. Right now bitcoin gambling only accounts for a tiny percentage of the total of online gambling revenues. However, it is clear that the opportunity exists to make significant income within the industry and, with....
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When Bitcoin first appeared the gambling industry was one of the industries that immediately started to adopt it. Since then, hundreds of online gambling sites have been popping out like mushrooms all of them using Bitcoin has its main business model. The Bitcoin gambling landscape is expanding in a way that no one has ever predicted. Today this industry is already responsible for millions of Bitcoin transactions every day. The unregulated nature of Bitcoin has been instrumental in proliferating demand in this specific market. When Bitcoin first appeared the gambling industry was one of....
The online gambling industry has recently been caught by a heavy revenue decrease. Government restrictions all over the world have been threatening this healthy industry. The issue has influenced a lot of companies to start using digital currencies to freely provide gambling services to users all around the globe. In fact, gambling has been responsible for bringing a lot of people to bitcoin. Many bitcoin users started to use bitcoin because they needed to find a way to be able to gamble without any restrictions.
Although gambling is a big industry, online gambling is still not as significant as it could be. Its proportion of the gambling industry currently hovers around 10%. However, over the last few years, online gambling have emerged as a popular choice among people. According to H2 Gambling Capital, the online gambling market in terms of gross winnings, has a global market value of €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true that gambling with Bitcoin only accounts for a tiny....
Bitcoin and other cryptocurrencies occupy a very important place in the gambling industry. As the popularity of Bitcoin grows, more and more people have started to adopt the digital currency and gambling happens to be one of the major use cases for them. Other use cases include trading, remittances, and regular transactions. For obvious reasons, cryptocurrency usage among gamblers is high. The volatile and universal nature of Bitcoin makes it ideal for use on gambling platforms, irrespective of the users’ geographical location. Those who are in countries that ban or regulate gambling,....
Though gambling is big business, online gambling is still not as significant as it could be. Its proportion hovers around 10% currently. However, over the last a couple of years, online gambling have emerged as a popular choice among people – this has been approved as well by research company H2 Gambling Capital. According to the organization, the online gambling market in terms of gross winnings, put the global market value at €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true....